Tenanted Building in Woodstock to fall under the gavel

Posted On Wednesday, 10 August 2011 02:00 Published by eProp Commercial Property News
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Auction Alliance will take a tenanted, 3 storey building in Woodstock, comprising retail and commercial space, to auction during this month’s Commercial Multiple auction to be held on August 24

Andrew CohenThe property is situated on the corner of Gympie and Albert Streets, in a mixed-use area of Woodstock, and offers frontage onto both streets. The property enjoys high levels of exposure from passing traffic due to its prominent corner position. Its central location, affords it with efficient access to main and secondary arterials including Church Street, Victoria Road and the N1 and N2 Highways. The property is situated within close proximity to the various amenities available within the immediate vicinity as well as in the nearby CBD, including the CTICC, Cape Town Station and Wembley Square. 
The mixed-use property extends over a GLA of 600m², and comprises a recording studio, as well as office and storage space.  400m² of the property is currently tenanted, whilst 200m² is vacant. The property produces a gross annual income of R216 000.
The recording studio is situated on the ground floor, and includes 3 soundproof studio recording rooms, a reception area, kitchen and ablution facilities.  The first floor includes storage space, and the second floor comprises offices, a kitchenette and ablution facilities.
The property is well-secured with burglar proof gates at both the back and main entrances, and includes ample parking in the form of a roller shutter garage, which can be accessed off Gympie Street, as well as off street parking.
Comments Andrew Cohen of Auction Alliance, “The property’s prime corner location within the flourishing commercial and industrial node of Woodstock, together with its stable income stream, make it an excellent example of the commercial assets which are currently in such high demand amongst investors.”
The auction takes place at 12pm at the Crystal Towers Hotel & Spa, Century City.
For more information, contact Andrew Cohen on Tel: 082 422 1158 or Email: This email address is being protected from spambots. You need JavaScript enabled to view it. or Greg Nafte on Tel: 083 414 4474 or Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Visit: www.auction.co.za/ 17181

Last modified on Tuesday, 10 June 2014 12:53

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